Mixed-Use Property with Warehouse
For Sale
$14,500,000
Pending
520 James Street, Lakewood, NJ 08701
Commercial Sale, Lakewood, NJ
Property Size63,250 SF
Lot Size4.42 Acres
Days on Market159
Property Features for 520 James Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Interior features
Dock Height
Directions
Off James St
Standard status
Pending
APN
15-00356-0000-00001
Size
63,250 SF
Lot size
4.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
46664
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Imperial Real Estate Agency
(732) 905-5511
Listed By:
Asher Brodt · License #0450338
(732) 814-0186
Added: May 12
Changed: Oct 8
Last Checked: Oct 17 at 7:06PM
MLS# 22613831
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property comprises 63,250 square feet of improved structures across a 4.42-acre site. The improvements support educational and commercial warehouse functions, with dock-height access, concrete flooring, forced-air heating, central air conditioning, and a dedicated parking lot. The property was built in 1980.
Public water and public sewer serve the site. The combination of substantial building area, warehouse-oriented loading infrastructure, and educational improvements creates a specialized commercial asset within Lakewood, New Jersey.
Public water and public sewer serve the site. The combination of substantial building area, warehouse-oriented loading infrastructure, and educational improvements creates a specialized commercial asset within Lakewood, New Jersey.
Key Highlights
- 63,250 square feet of improved structures
- 4.42‑acre mixed‑use property
- Educational and commercial warehouse improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$862,062
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,241,240
$17.2M
Cap Rate 7%
$12,315,171
$12.3M
Cap Rate 9%
$9,578,467
$9.6M
Market Conditions
NOI Build-Up for 63,250 SF
Gross rent
$1.08M $17.04/SF
− Vacancy
−$63.6K −$1.01/SF
EGI
$1.01M $16.03/SF
− OpEx
−$152.1K −$2.41/SF
NOI
$862.1K $13.63/SF
Area
Ocean County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,241,240
Cap Rate 7%
$12,315,171
Cap Rate 9%
$9,578,467
Alternative Uses
Best Use
Warehouse
$12.32M
$10.78M – $14.37M
NOI $862,062 @ 7.0% cap · market cap 5.95%
Second Best
Mixed Use
$10.44M
$9.13M – $12.18M
NOI $730,538 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$16.52M
$14.45M – $19.27M
NOI $1,156,109 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Educational and warehouse improvements include dock-height access, concrete flooring, and on-site parking.
Where is this mixed-use property located?
The property is located at 520 James Street Lakewood, NJ.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: 63,250 square feet of improved structures; 4.42‑acre mixed‑use property; Educational and commercial warehouse improvements
